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GREAT 8% RETURN ON OFFER

4/142 Marine Parade, LAKES ENTRANCE VIC, 3909

For Sale

Property for Sale in 4/142 Marine Parade, LAKES ENTRANCE VIC, 3909

First National Commercial King & Heath

125 Main Street, Bairnsdale, VIC 3875

Listing ID:
11273546
Status:
Active
For:
Sale
Price:
$215,000 + GST (if applicable)
Last Updated:
03/04/2020
Icon building

Property Type

Hotel/Leisure
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Land Area

N/A
Icon size

Floor Area

1 SQM
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Parking

N/A

GREAT 8% RETURN ON OFFER

This excellent two bedroom freehold accommodation investment is truly unique.
Located within the Bellevue on the Lakes Complex in the tourist destination of Lakes Entrance, this opportunity presents a strong investment opportunity whilst being situated across from the waterways of Lakes Entrance and the iconic Ninety Mile Beach.
Being offered for sale on a extremely attractive Management Rights agreement to a proven and well known national accommodation operator. The Management Rights terms and conditions are:
Initial minimum payment: $18,000 per annum plus GST (if applicable) and outgoings.
Initial term of agreement: 10 years
Further terms of agreement: 8 further terms of 5 years each

In addition to the above, there is the potential to earn more than the minimum payment (depending on the books/performance of the unit)

For more details, please email agent

First National Commercial King & Heath

125 Main Street, Bairnsdale, VIC 3875


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